The last shall be first : innovation as a head-to-head race

Patrick Arnold, Marc Möller, Catherine Roux

Uncertainty about the value of a contested innovation induces leaders and laggards to update their expectations in opposite directions. We characterize situations in which firms that have obtained an initial advantage are not the most likely to achieve final success. In spite of amplifying a leader's advantage, greater contest intensity facilitates this effect, challenging the view that laggards require support to remain competitive.

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Year of publication:	[2025]
Authors:	Arnold, Patrick ; Möller, Marc ; Roux, Catherine
Publisher:	Bern, Switzerland : [Universität Bern, Faculty of Business, Economics and Social Sciences, Department of Economics]
Subject:	Innovation contests \| learning \| competitive balance \| leapfrogging \| Innovation \| Wettbewerb \| Competition \| Innovationswettbewerb \| Technology competition \| Theorie \| Theory \| Innovationsmanagement \| Innovation management \| Technologietransfer \| Technology transfer

Extent:	1 Online-Ressource (circa 10 Seiten)
Series:	Diskussionsschriften / Universität Bern, Departement Volkswirtschaftlehre. - Bern : [Verlag nicht ermittelbar], ZDB-ID 2582650-5. - Vol. 25, 05 (September, 2025)
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Graue Literatur ; Non-commercial literature ; Arbeitspapier ; Working Paper
Language:	English
Classification:	C72 - Noncooperative Games ; D82 - Asymmetric and Private Information
Source:	ECONIS - Online Catalogue of the ZBW

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